Recovery across the sector with just only 5 in Sell mode and 12 in Buy mode. Nifty has also come to Buy mode.
This reinforces the view that stating in earlier posts that market is gonna rally after the Nifty Bullish divergence and VIX rise in tandem with Nifty.
The rise in beta indices like Realty and Infra has been with good volumes shows appetite for Indian stocks at low levels.
The broader market index BSE 500 has also come to Buy mode while the small cap index is still in Sell mode.
The IT index though is still in Neutral mode which shows that rally in more in the beaten up sectors.
The weekly color:
The breadth has improved a lot and that was evident in last weeks State of Market post.
This reinforces the view that stating in earlier posts that market is gonna rally after the Nifty Bullish divergence and VIX rise in tandem with Nifty.
The rise in beta indices like Realty and Infra has been with good volumes shows appetite for Indian stocks at low levels.
The broader market index BSE 500 has also come to Buy mode while the small cap index is still in Sell mode.
The IT index though is still in Neutral mode which shows that rally in more in the beaten up sectors.
The weekly color:
No comments:
Post a Comment